/
1 Steve  Verheul Chief Trade 1 Steve  Verheul Chief Trade

1 Steve Verheul Chief Trade - PowerPoint Presentation

jane-oiler
jane-oiler . @jane-oiler
Follow
343 views
Uploaded On 2019-12-15

1 Steve Verheul Chief Trade - PPT Presentation

1 Steve Verheul Chief Trade Negotiator CanadaEuropean Union Jeff Loder NL Chief Trade Negotiator Director of Trade Policy CanadaEU Comprehensive Economic and Trade Agreement 2 The EU is the worlds largest integrated economy with more than ID: 770493

access ceta tariff current ceta access current tariff amp newfoundland tariffs labrador trade products outcomes canadian canada treatment improved

Share:

Link:

Embed:

Download Presentation from below link

Download Presentation The PPT/PDF document "1 Steve Verheul Chief Trade" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.


Presentation Transcript

1 Steve VerheulChief Trade NegotiatorCanada-European Union Jeff LoderNL Chief Trade NegotiatorDirector of Trade Policy

Canada-EU Comprehensive Economic and Trade Agreement2 The EU is the world’s largest integrated economy, with more than 500 million consumers and a GDP of CAD 21 trillion. * Excludes CanadaSource: CETA Secretariat, DFATDData: IMF, WEO

CETA – Setting New Standards

Clear and favourable rules of origin: CETA – Outcomes for Newfoundland & Labrador Trade in Goods Comprehensive tariff elimination across all sectors 98% of all EU tariff lines eliminated on day one of CETA’s entry into force Duty-free access across 99% of all tariff lines once fully implemented Duty-free access for 100% of Canadian industrial goods once CETA fully implemented. Reflects the real-world sourcing patterns of Canadian and EU companies while encouraging production to take place in Canada or the EU Advance rulings on the origin and tariff classification of products Automated border procedures will be implemented where possible Customs and trade facilitation: Ambitious tariff elimination:

CETA – Outcomes for Newfoundland & Labrador Between 2013 and 2015, Newfoundland & Labrador exported an average of $1.8 billion in metal and mineral products to the EU.CETA will eliminate tariffs on Non crude petroleum products and light oils current tariffs of up to 4.7%Metal products such as - Iron and steel tube or pipe fittings current tariffs of up to 3.7% - Iron and steel tanks current tariffs of 8% to 20%5 Metal and Mineral Products

CETA – Outcomes for Newfoundland & Labrador From 2013 to 2015, Newfoundland & Labrador exported an average of $153 million worth of fish and seafood to the EUCurrent tariffs of up to 25%CETA will eliminate tariffs on all fish and seafood products, including value-added goods like cooked and peeled shrimp, frozen cod fillets , and processed crab and lobster Frozen shrimp , current tariff of 12%Cooked and peeled shrimp, current tariff of 20% Snow crab, current tariff of up to 8% Dried and salted cod, current tariff of 13% Frozen scallops, current tariff of 8% 6 Fish and Seafood

CETA – Outcomes for Newfoundland & Labrador From 2013 to 2015, Newfoundland & Labrador exported an average of $12 million worth of forestry and wood products to the EU Current tariffs of up to 10%Comprehensive duty-free, quota-free access to the EU on all forest products, including value-added productsMaple and ash wood, current tariffs of 2.5%Plywood, current tariffs of 7% to 10%Oriented strand board, current tariffs of 7%Fibreboard, current tariffs of 7%7 Forestry and Wood Products

CETA – Outcomes for Newfoundland & Labrador Entity / Procurement Type Goods Services Construction Services EU-level institutions / Member State government entities * Improved Access Improved Access Improved Access Regional government entities ** Improved Access Improved Access Improved Access Local government entities and bodies governed by public law New Access New Access New Access Utilities New Access New Access New Access Procurement funded by EU cohesion funds at local government level New Access New Access New Access * Removal of reciprocity notes / ** Lowering of thresholds Government Procurement Access to $3.3 trillion EU procurement market

CETA – Outcomes for Newfoundland & Labrador facilitating recognition of equivalency in technical regulations to reduce manufacturing costs for exports; e stablishing a protocol on conformity assessment that will allow Canadian companies to have their products tested and certified for the EU market in Canada; e ncouraging Canadian and EU standard-setting bodies to cooperate on joint initiatives; and c reating mechanisms where trade irritants can be discussed with the goal of speedy resolution. CETA seeks to reduce the trade distorting impact of non-tariff barriers by: Non- Tariff Barriers

CETA – Outcomes for Newfoundland & LabradorAll service sectors are subject to CETA obligations unless explicitly listed as reservations in the Annexes. Negative List Approach:Future regulatory or legal changes that make it easier for Canadian service suppliers to access the EU market are automatically locked in under CETA. If the EU offers better treatment to another country under an FTA, Canada would automatically receive the same treatment. Ratchet Mechanism: MFN Treatment: Canadian service providers in sectors covered by CETA will be treated the same way as service providers from the EU. National Treatment: Trade in Services

CETA – Outcomes for Newfoundland & Labrador CETA provides greater certainty and predictability for Canadian service providers CETA’s temporary entry provisions facilitate trade by improving labour mobility for a wide range of business persons and business activities. CETA establishes a framework for the mutual recognition of professional qualifications as well as a Chapter on domestic regulation. CETA does not impact permanent employment or migration. Temporary Entry

CETA – Outcomes for Newfoundland & Labrador Canadian and EU investors will benefit from the predictable investment climate established under CETA, which includes: treatment no less favourable than that granted to their domestic counterparts or any other investor from a third countryinvestor protections related to treatment of investors/covered investments, expropriation and transfers; anda recourse for breaches of investment protections Furthermore, the net benefit review threshold under the Investment Canada Act will be raised to $1.5 billion for EU investments following CETA’s entry into force. Access to the EU market, along with existing access to the U.S. market, is expected to attract new volumes of investment to Canada. Investment

13 CETA – Next Steps Legal ReviewTranslation Signature (Provisional Application) Ratification Canada and the EU are committed to seeing CETA signed in 2016 and enter into force in early 2017